Honda cuts funding to robotaxi venture with Cruise and GM in Japan
Honda Motor Co. will stop funding a joint venture with General Motors and Cruise to launch a robotaxi service in Japan, now that GM has pulled the plug on
GM halts funding for Cruise robotaxi program
General Motors’ move Tuesday to halt funding for its Cruise robotaxi program makes way for Silicon Valley rivals to take a firmer hold of the potentially multibillion-dollar business. But experts say bowing out is the right choice for the embattled Cruise.
GM is pulling the funding for its Cruise robotaxi company
GM said it will fold Cruise employees into existing teams. It’s unclear if there will be layoffs. General Motors is pulling funding from robotaxi company Cruise in order to focus on its own autonomous and assisted driving systems.
General Motors to stop funding its Cruise robotaxi business
General Motors will stop funding its Cruise robotaxi business and focus on developing self-driving technology for personal vehicles, the automaker said in a statement on Tuesday. The company said in a statement that it had made the decision due to “the considerable time and resources that would be needed to scale the business” as well as increased competition in the robotaxi market.
GM says will no longer fund Cruise’s robotaxi development work
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